Jim Rogers on CNBC: I expect a currency crisis (06/04/09)

“For the first time in world history every central bank in the world is printing huge amounts of money.”

“The US dollar is a terribly flawed currency.”

“The U.S. is the largest debtor nation in the history of the world.”

“Never in the world has a country gotten itself into this kind of a situation.”

“The Chinese don’t wanna get trapped in long bonds if something does happen to the dollar, which I expect and they expect. They don’t wanna get stuck and they’re sitting there with 30 year bonds, they’re dead.”

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